Founder competitions offer a great opportunity for start-ups of all development stages to present themselves and their innovative technology to a broad public. At the same time, potential prize money offers another source of funding for your own start-up. Last but not least, the product and company pitch can be used to practice and expand one's own presentation techniques, and the often valuable feedback from the jury can be used to optimize one's own product.
With over 150 start-up competitions in Germany every year, it is not always easy for founders and start-ups to identify the right competitions for them. Not every start-up competition is suitable for every founder, as most competitions address a specific target group. They can be roughly sorted by phase, region and industry.
Since 2012, TUM, UnternehmerTUM GmbH, Europe's leading center for innovation and start-ups, and the Zeidler Research Foundation have presented the TUM IdeAward. The award is intended to motivate scientists to develop marketable products from their inventions. The winning teams receive prize money totaling 37,500 euros from the Zeidler Research Foundation and coaching sessions at TUM start-up consultancy and UnternehmerTUM. Year after year, the IDEAward thus accompanies prospective founders on their way to transforming their promising ideas into successful products through monetary and content-related support.
Pitch Perfect is a live competition within the framework of the TUM Entrepreneurship Day. At the competition of TUM and UnternehmerTUM, TUM founders are called upon to prove their pitch qualities and to convince the jury and the audience of themselves and their own product. Pitch Perfect is aimed at technology and knowledge-based start-ups at TUM between the seed and expansion phases. The finalists pitch live for the chance to win prize money of €5,000.
The TUM Presidential Entrepreneurship Award (PEA) is presented once a year as part of the TUM Entrepreneurship Day and is aimed at start-ups in the growth phase. The prize is endowed with 10,000 euros, which are donated by the Freunde der TUM e.V.. Since 2013, TUM has awarded the PEA to outstanding spin-offs of the university whose business ideas are significantly based on research results of TUM. Further criteria are a high growth potential of the company as well as secured initial financing.
The awards in review